EMI Calculator helps you to calculate monthly EMI repayments for car loan,twowheeler loan and other auto loans with ease at AwtoBazar

How to Calculate →

>  Enter Pricipal Loan Amount

>  Select Interest Rate

>  Select Loan Tenure

>  Get EMI Summary

EMI is the Equated Monthly Installment amount paid to the Bank or Financial Institutions against the loan which is to be repaid over the tenure of the loan on a monthly basis.

Matematically, EMI Formula is :

E = P x R x (1+R)^N / [(1+R)^N-1]

P = Principal amount of the loan

R = Rate of interest

N = Number of monthly instalments.

• Online calculator saves time and energy over manual method

• Gets quick results

• Gives accurate results

• Helps to plan the loan amount needed